Shares of video game and collectibles retailer GameStop dropped nearly 11% on May 28 after the company announced its first Bitcoin purchase, triggering a classic sell-the-news reaction. The stock closed at $31.21 on the New York Stock Exchange, according to Google Finance. The company announced the purchase of 4,710 Bitcoin (BTC) valued at roughly $513 … Read more
Altseason didn’t disappear — it’s happening in fast, intraday bursts too quick for retail traders. Smart money rotates profits through micro altseasons, stacking BTC and stables while retail waits. Everyone’s bracing for altseason — but what if it’s already come and gone? Since April, a shift has been in progress beneath the surface: five separate … Read more
Topline A judge rejected a mistrial request from Sean “Diddy” Combs’ legal team Wednesday morning after the defense accused prosecutors of leading jurors to believe Combs interfered to destroy evidence found as officials investigated the bombing of rapper Kid Cudi’s car in 2012. The third week of Sean “Diddy” Combs’ trial began Tuesday. (Photo by … Read more
Michael Saylor, founder of business intelligence firm Strategy (formerly Microstrategy), predicted bitcoin will become the foundational network for settling global financial transactions, drawing a direct parallel to how gold underpinned the 19th-century banking system dominated by the Rothschild family. Michael Saylor Forecasts Bitcoin as Core Settlement Asset, Evoking 19th-Century Banking Analogy Speaking at the Bitcoin … Read more
Video game retailer GameStop (GME) has purchased 4,710 bitcoin, worth nearly $513 million at the time of writing. GameStop announced the purchase on X on Wednesday but did not offer further details about when the BTC were acquired or the price paid. The Grapevine, Texas-based company revealed its plans to pursue a bitcoin treasury strategy … Read more
Key point: Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report added that a mild retracement or consolidation would be healthy … Read more
Binance, the world’s largest cryptocurrency exchange, continues to announce altcoin listings. At this point, Binance recently announced that it listed the altcoin called Merlin Chain (MERL) in futures with 50x leverage. “To expand the list of trading options offered on Binance Futures and enhance users’ trading experience, Binance Futures will be launching the following perpetual … Read more
There has been a notable surge in USD1-paired meme coins on the BNB chain, specifically from the BUILDon meme project. Since May 21st, these tokens have rapidly risen to dominate over 50% of total meme coin trading volume on BNB, and have soared to nearly 90% in subsequent days, according to the latest analysis by … Read more
Hackers breached Cork Protocol on May 28, stealing $12 million in digital assets through a malicious contract exploit. Cork Markets Paused On May 28, hackers breached the tokenized risk protocol Cork Protocol’s platform and made off with $12 million in digital assets. According to an alert shared by the blockchain security services platform Cyvers, the … Read more
Current market behavior reflects a consolidation phase, with traders watching key levels for confirmation of the next directional move. Optimism Price Prediction: Consolidation Dominates Short-Term Action The hourly chart of OP/USD on Open Interest illustrates a recent retracement phase following a brief rally earlier in the week. The price peaked at approximately $0.85 on May … Read more